A Contra Account Is an Account Linked with Another Account;

question 85

True/False

A contra account is an account linked with another account; it is added to that account to show the proper amount for the item recorded in the associated account.

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Definitions:

Correct Abbreviation

A precise shortened form or acronym that accurately represents the expanded form of a word or phrase.

Thyroxine

A hormone produced by the thyroid gland, important for regulating metabolism.

Correct Abbreviation

A shortened form of a word or phrase that is officially recognized and widely accepted.

Somatotropin Hormone

Another term for growth hormone, a substance produced by the pituitary gland that stimulates growth, cell reproduction, and regeneration in humans.